He claimed his share of the profits.

Kill the goose that lays the golden eggs.

Minus 500,000.

And at least it'll give you a sense of how revenues, gross profit, operating profit, pre tax income and net income really are different.

And that's my dad found that.

And that's what these brands did.

He is alive to his own interests.

Let's agree to share in the profits.

He is alive to his own interests.

You'll get your cut.

But here you see it means very, very different things.

He acted in his own interest.

And you could guess what the next line is going to be, given that this says pre tax.

They have no interest expense, because that's not the point of this video.

They allotted the profits fairly.

You send men to slaughter for your own gain.

So you take the interest out.

This is really important to pay attention to, because so many people say, oh, a company made this much.

We shared the benefit together.

Lookin' out for number one.

The loan bears an 8 interest.

Our interests clash with theirs.

He is acting on his own behalf.

And you'll hear these numbers, gross and operating profit and net profit and pretax profit, and it's very hard to understand that these are actually very, very different things, because they all have the word profit, and what does gross and operating and all that mean?

He always puts himself first.

This is what the owners of the company get before they pay the government.

(Laughter) But I know it's the bottom line, or one's perception of it, that motivates people in the end.

And now we are left with our we're getting close to where we need to get to pre tax income.

But just so you know what EBlT is, EBlT is just Earnings

All the profits go toward Phillip's hospital bills.

It's also important to think about what the benefit is.

I did in that last video it might be interesting to say, is that the pre tax or the post tax return on asset.

Sloan began manufacturing targets on his own for profit years ago.

A benefit to both our worlds.

I'll just abbreviate that as Nl.

And so you can already imagine that both EBlT and the way I defined it initially, operating profit divided by assets.

Go ahead, eat.

It is to his advantage.

And this is, I think, a perfect example of what Robert Wright was talking about in those non zero sum things.

No one wants it to go off.

And when people talk about earnings of a company, this is what they're talking about.

Science comes first, but business comes a close fucking second.

We shared the profit among us all.

I went shares with my cousin in the profits.

When we did return on asset, we looked at the operating profit, because this is what our company generated before we paid the bank or Uncle Sam or anything like that.